Bell, Inc. determined that s by the company three days after the inventory count). On the last Q3.(12%) Answer the following independent questions about inventories: a) Malone Corporation uses the perpetual inventory method. On March 1, it purchased $30,000 of inventory, terms 2/10, n/30. On March 3. Malone returned goods that cost $3000. On March 9. Malone paid the supplier. Prepare the necessary journal entry. b) Bell Inc took a physical inventory at the end of the year and determined that $475,000 of goods were on hand. In addition, the following items were not included in the physical count 9,000 of goods were in transit that were shipped fob destination (goods were actually received day of the year, the company sold $25 000 worth of inventory fo b. destination. What amount should Bell report as inventory at the end of the year? C) Chess Top uses the periodic inventory system. For the current month the beginning inventory consisted of 200 units that cost $65 each During the month the company made two purchases. 300 units at $68 each and 150 units at $70 each. Chess Top also sold 500 units during the month. Using the FIFO method what is the amount of cost of goods sold for the month